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Experience the pinnacle of coastal living with this exclusive 1/13th interval ownership opportunity on Folly Beach, offering a sophisticated alternative to traditional timeshares. This deeded, fee-simple interest grants you four weeks of luxury per year--one in each season--with a rotating calendar that ensures you enjoy the beauty of the Atlantic across every time of year. This professionally decorated, oceanfront masterpiece is designed for grand-scale entertaining and relaxation, featuring ten-foot ceilings, crown molding, and gorgeous heartpine flooring throughout. The gourmet kitchen and expansive living area, complete with a fireplace, flow seamlessly toward breathtaking views from every room, while the home comfortably accommodates up to twelve guests. Beyond the elegant interior, which includes a secondary lounge with a Murphy bed, the property offers modern conveniences such as an elevator servicing all four floors, private outdoor shower, and ample storage. The crown jewel is the rooftop deck offering panoramic vistas of the Morris Island and Sullivan's Island lighthouses, the Cooper River Bridge, and the serene Folly River marshes. Enjoy the surf and the sun with an investment that may be sold or passed down as a lasting legacy. All property taxes, flood insurance, and homeowners insurance are included in the quarterly fee of $1, 750. There are no additional recurring fees beyond the quarterly fee and a post-stay cleaning fee. A new tankless water heater was installed over the past winter as well. Pack light as the home is equipped with a full suite of beach chairs, toys, and towels so all you need to bring is yourself.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
$265,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $212,000 | $212,000 | $212,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.866% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,270 | $1,323 | $1,746 |
| Total Monthly Payment | $1,345 | $1,398 | $1,821 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.